Silvergate suspended its Silvergate Exchange Network on Friday, the result of what it called “a risk-based decision.” The network shutdown comes after Moody’s downgraded Silvergate’...
Tag: Companies
Moody’s sees ‘significant governance deficiencies’ in Silvergate
Moody’s downgraded Silvergate for the second time in less than two weeks, citing a lack of capitalization as well as “governance deficiencies,” after the company Wednesday told the U...
Silvergate Bank to release nearly $9.9 million to BlockFi
A bankruptcy judge has ordered Silvergate Bank to release nearly $9.9 million to crypto lender BlockFi, days after the bank said it was “reevaluating its business” and could be “less than well-c...
Bitcoin below $23,000 as prices dip, Silvergate’s dive takes a breather
Crypto prices continued to decline heading into the weekend. Bitcoin was trading around $22,400 by 12:45 a.m. EST, down 4.5%, according to TradingView data. Ether dropped 4.7% to $1,570. &...
Flurry of Additional Crypto Companies Back Away From Silvergate As Crypto Markets Dip Across the Board
More crypto firms are distancing themselves away from the crypto-friendly bank Silvergate as digital asset markets dip across the board. Recently, Silvergate’s stock plummeted by over 60% in just a fe...
Gemini says third-party incidents resulted in phishing scam targeting European users
Gemini disclosed incidents attributed to a third party that resulted in a phishing campaign targeting users in the UK and Europe, according to a client email seen by The Block. Scammers have use...
Coinbase is no longer accepting, initiating payments with Silvergate
Coinbase said it was no longer accepting or initiating payments to or from Silvergate after the troubled crypto bank said yesterday that it may be “less than well capitalized and was “reev...
Airlines Rally Has Hit Turbulence. But United, Delta, Others Should Fly Higher.
The U.S. airline sector took off at the start of 2023 but the rally has encountered some turbulence in recent weeks ahead of a crucial few months for the industry. The sector’s big gains this year pro...
The Importance of a Brand Ambassador for Blockchain Companies – Cryptopolitan
Ambassadors are the public face of your company, its views, and its values in the blockchain industry. When done right or wrong, they may do wonders for or against your blockchain brand’s reputation a...
Silvergate may be poorly capitalized, reevaluating strategy in light of ‘regulatory challenges’
Silvergate Capital Corporation told the U.S. Securities and Exchange Commission that it may be “less than well-capitalized” and said it was “reevaluating its business” in a filing with the agenc...
Sam Bankman-Fried’s inner circle turns on him
A third member of FTX founder Sam Bankman-Fried’s inner circle pleaded guilty to criminal charges, significantly upping the legal peril for the embattled former CEO. Former FTX Director of...
Snoop Dogg blazes a new trail with gig as chief ganjaroo officer at Roobet
Roobet, a crypto casino offering 3,000-plus games and a fully featured sportsbook, added Snoop Dogg to its C-suite. The rapper joins as, presumably, the first-ever chief ganjaroo officer. Don...
Figment Capital seeks $50 million for second venture fund: source
Published 30 minutes earlier on Figment Capital, a crypto investment firm and a spin-off of staking infrastructure provider Figment, is launching its second fund. The firm, spun out of Figment I...
Nexo user sues crypto lender, alleging millions in asset losses
Policy • March 1, 2023, 11:06AM EST A California resident filed a complaint against crypto lender Nexo citing harm from the firm’s “fraudulent inducement” to take out loans. John Cress had a N...
Mt. Gox creditors may finally start seeing their bitcoins this month
Mt. Gox creditors may start seeing their first bitcoin payments this month as the window for repayments is set to open. Creditors are expected to receive early repayments from March 10 onward, w...
Puerto Rico Defines Act 60 Tax Exemptions for Blockchain Companies – Regulation Bitcoin News
The Economic and Commerce Development Department of Puerto Rico (DDEC) has issued a document in which it defines the rules that blockchain projects must follow to receive tax benefits that the state o...
Conflux raises $10 million from DWF Labs in token round
Conflux, a Layer 1 blockchain developer, raised $10 million from DWF Labs. The investment will help Conflux expand its technology and grow its user base, DWF Labs said Wednesday. Conflux co-foun...
UAE to create exclusive free zone for digital, virtual asset companies
Ad The government of Ras Al Khaimah is set to unveil a new free zone tailored for digital and virtual asset firms as the United Arab Emirates (UAE) strengthens its position as a magnet for players in ...
Novavax Says ‘Substantial Doubt’ Around Its Continuing Operations
Covid-19 vaccine manufacturer Novavax said Tuesday that there is “substantial doubt” about its ability to continue operating through this year. In a quarterly earnings report issued after the market c...
Here Are Major Companies Taking Advantage Of Biden’s Green Tax Initiatives—And Creating More Than 65,000 Jobs
Topline Last week, Volkswagen-owned Audi said it is considering building a factory in the U.S., following in the footsteps of other car, battery, solar panel and computer chip manufacturers taking adv...
Bitcoin mining report: Feb. 28
Bitcoin mining stocks tracked by The Block were mostly higher on Tuesday, with 12 gaining and the other seven declining. Bitcoin fell 0.6% to $23,215 by market close. Here is a look at how the individ...
Bitcoin miner Marathon cancels Q4 earnings call over accounting corrections
Bitcoin miner Marathon Digital canceled its fourth-quarter earnings call scheduled for Tuesday after the U.S. close. The miner postponed the release of its fourth-quarter and 2022 full-year resu...
UAE Launching Free Zone Digital And Virtual Asset Companies
The city of Ras Al Khaimah (RAK), UAE, intends to introduce a free zone for digital and virtual asset companies. The government of Ras Al Khaimah says this free zone will be called the RAK Digital Ass...
Bitcoin miner Marathon expected to see revenue triple in Q4
Marathon is expected to post triple the revenue it brought in during the third quarter for its fourth-quarter earnings after the U.S. close today. The miner is expected to report $38.4 million i...